HR NEWS

Over 20% of TCS’ hiring in last 12 months was outside India

Over 20% of TCS’ hiring in last 12 months was outside India

Tata Consultancy Services (TCS), India’s largest software services firm, hired over 20 per cent of its new recruits in the last one year in international markets as part of its “localisation initiatives”. In the October-December 2017 quarter alone, the Mumbai-headquartered firm recruited almost 3,000 people from outside India. “Overall, in the last 12 months, we have recruited 59,700 employees, which includes 12,700 recruited outside India, a good indicator of how our localisation initiatives are progressing,” TCS CEO and Managing Director Rajesh Gopinathan said in a recent investor call. He added that the company has “always prided ourselves in our ability to attract and retain diverse talent”. TCS, however, did not provide details of the geographies where hiring was done. “…we continue to recruit steadily and in Q3 we added 12,534 employees on a gross basis, of which almost 3,000 were recruited outside India… we closed the quarter with the total headcount of 390,880 employees,” he said. Indian IT firms have been ramping up local hiring in offshore markets to tackle visa-related challenges.

While hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies, Indian IT companies are hiring more local talents in offshore markets to ensure compliance with rules as governments in markets like the US, Australia and New Zealand are tightening their work visa norms.

New technologies like automation and artificial intelligence are also making a number of jobs redundant that in turn is impacting hiring at IT firms.

Source: Financial Express

9 months ago

By admin


Social Share : Share      

Comments.....

Submit new comment

Most Viewed

AK Chaudhary to take over as SAIL chief...

8 months ago

World’s 500 richest people have lost combined 107 billion USD this week...

8 months ago

More baby girls than boys die in India, says UNICEF report...

8 months ago

South East Central Railway Recruitment 2018: Applications invited for 329 posts ...

2 months ago

"Gulf 23" kicks off with superb inaugural ceremony ...

10 months ago

Argos drivers’ strike over holiday pay and overtime called off - UK HR News...

2 years ago

Microsoft co-founder Bill Gates hails India’s expertise in public health but cal...

5 months ago

Intel appoints Prakash Mallya as MD, South Asia...

2 years ago

24 unbelievable excuses employees have given for skipping work...

2 years ago

Poor dental health ups frailty risk in older men, says study...

9 months ago

Most Shared

Mass redundancies for Quebec cookie factory...

2 years ago

Trump this: 5 bold predictions for how he’ll impact HR...

2 years ago

InfoTycoon appoints existing President and COO Kevin George to succeed James Dav...

2 years ago

Sushant Dwivedy joins Aspiring Minds as SVP-Enterprise Client Solutions...

2 years ago

Uber introduces special reward programme...

2 years ago

Standard Chartered Bank to reduce 10% corporate & institutional banking staff...

2 years ago

National CineMedia (NCM) creates Affiliate Partnerships team, names Stacie Tursi...

2 years ago

OCC Names New CFO, Treasurer, and Chief Compliance Officer...

2 years ago

Beards at work are now a major turn-off say 61% of female office workers...

2 years ago

First female fast jet pilot of Britain hired as director at PwC...

2 years ago